Original price: $66; Markup: 20% The retail price is ?
2 answers:
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Answer:
25
Step-by-step explanation:
From the given information;
Numbers of posters that can be printed in an hour = no of impression/hour × no of plate utilized in each impression.
= 1000x
Thus, the required number of hours it will take can be computed as:
cost per hour = 125
If each plate costs $20 to make, then the total number of plate will equal to 40x
∴
The total cost can be computed as:
At C'(x) = 0
x = 25
where; x = 25
C''(x) = 1.6
Thus, at x = 25, C'' > 0
As such, to minimize the cost, the printer needs to make 25 metal plates.